Creative Planning Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Creative Planning decreased its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 13.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 130,978 shares of the exchange traded fund’s stock after selling 19,693 shares during the period. Creative Planning’s holdings in iShares TIPS Bond ETF were worth $13,986,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the first quarter valued at approximately $30,000. Private Ocean LLC boosted its position in shares of iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the first quarter valued at approximately $36,000. Gradient Investments LLC boosted its position in shares of iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 261 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of iShares TIPS Bond ETF during the second quarter valued at approximately $40,000.

iShares TIPS Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:TIP opened at $110.47 on Tuesday. The stock has a market cap of $19.17 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a 12-month low of $101.74 and a 12-month high of $111.06. The business’s 50 day moving average is $109.12 and its 200 day moving average is $107.45.

iShares TIPS Bond ETF Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).